CNBC's 'Squawk on the Street' crew discuss Tesla as the electric carmaker's stock was hit with several downgrades since the Trump-Musk fallout.

Tesla stock traded higher early Wednesday as shares continue to recover from last week's sell-off with the feud between Elon Musk and President Trump cooling down.

Tesla’s stock was recently right around the price at which it closed the session before a spat between CEO Elon Musk and President Donald Trump culminated in a one-day drop of about $150 billion in Tesla’s market value.

Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.

"It is a convergence among three of our major platforms. So robots, energy storage, AI," Wood said of Tesla.

The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs.

Musk attempted to appeal to a F-150 and Ram crowd that hates his cars, while completely losing the Tesla crowd that loved his cars.’ Tesla is anything but a boring stock, Ill